MIRA
INFORM REPORT
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Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
TAWAH TRADING EST |
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Registered Office : |
Al Hejaz Street,
Manfoha Area, PO Box 17161, Riyadh
11484 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
05.05. 1999 |
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Com. Reg. No.: |
1010153750, Riyadh |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and Retail of Consumer Goods, Foodstuff, and Perfumes. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : TAWAH TRADING EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 5th May 1999
Commercial Registration Number : 1010153750, Riyadh
Chamber Membership Number : 95067
Invested Capital : SR 50,000
Total Workforce : 5
Activities : Wholesale and retail of consumer goods, foodstuff, and perfumes.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
TAWAH TRADING EST
ADDRESS
Registered & Physical Address
Street : Al Hejaz Street
Area : Manfoha Area
PO Box : 17161
Town : Riyadh 11484
Country : Saudi Arabia
Telephone : (966-1) 4398884
Facsimile : (966-1) 4485754
Mobile : (966-50) 5404057
Premises
Subject operates from
a small suite of offices and a showroom that are rented and located in the
Central Business Area of Riyadh.
KEY PRINCIPALS
Name Position
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Abdullah
Mohamed Al Gofaili Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 5th
May 1999
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1010153750, Riyadh
Chamber Member No. : 95067
Invested Capital
: SR 50,000
Mr Abdullah Mohamed Al Gofaili is the sole proprietor
of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
consumer goods, foodstuff, and perfumes.
Import
Countries: France, United
Kingdom, United States of America and India
Operating Trend: Steady
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Financial highlights
provided by local sources are given below:
Currency: Saudi
Riyals (SR)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales SR 6,900,000 SR 7,380,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
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Arab National
Bank (ANB)
King Faisal Street
North Morabbaa
PO Box : 56921
Riyadh 11564
Tel : (966-1) 4029000
Fax : (966-1) 4027747
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
During the course
of this investigation nothing detrimental was uncovered regarding subject’s
operating history or the manner in which payments are fulfilled. As such the
business is considered to be a fair trade risk.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)